$30,000 is placed in a fund earning 7% compounded quarterly. How many quarterly withdrawals of $2000

$30,000 is placed in a fund earning 7% compounded quarterly. How many quarterly withdrawals of $2000 can be made if the first withdrawal occurs three years from today? Count the final withdrawal, which will be less than $2000. View Solution:
30 000 is placed in a fund earning 7 compounded quarterly

 

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